WaFd (NASDAQ:WAFD) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of WaFd (NASDAQ:WAFD) from a hold rating to a sell rating in a research note released on Friday morning.

Several other brokerages have also commented on WAFD. Stephens restated an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. DA Davidson downgraded WaFd from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Finally, Piper Sandler dropped their target price on WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.75.

WaFd Stock Down 5.0 %

Shares of WAFD opened at $25.24 on Friday. The company’s 50-day moving average price is $29.06 and its 200 day moving average price is $32.47. WaFd has a 12-month low of $24.55 and a 12-month high of $38.62. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The firm has a market cap of $2.06 billion, a P/E ratio of 11.63 and a beta of 0.79.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from WaFd’s previous quarterly dividend of $0.26. WaFd’s dividend payout ratio is currently 49.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WAFD. Aster Capital Management DIFC Ltd raised its position in WaFd by 983.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,013 shares in the last quarter. McIlrath & Eck LLC increased its stake in shares of WaFd by 112.7% during the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after buying an additional 701 shares during the period. Harbour Investments Inc. raised its holdings in WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. raised its holdings in WaFd by 68.4% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock valued at $70,000 after acquiring an additional 812 shares in the last quarter. Finally, US Bancorp DE lifted its stake in WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after acquiring an additional 2,101 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

About WaFd

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.